::FINANCIALS::

Why HIMS™? | Overview

Financial Module

The HIMS™ Financial Module is the accounting interface between the HIMS™ front and back office systems. It represents the main integration point for business processes, concentrating financial transactions generated during a patient visit into financial data that can be posted to the General Ledger via the Accounts Receivable gateway.

The HIMS™ Financial Module gathers all real time inpatient and outpatient charges and doctors’ fees generated across the hospital and allows them to be prorated and invoiced to all payors associated with that patient’s visit. Fully integrated with all other HIMS™ modules, the Financial Module provides hospital users and management with instant access to the patient’s entire charge and payment status. The Financial Module operates in real time, updating all patients billing information across the system 24 hours a day, 7 days a week.

The Financial Module provides a suite of claims management tools, which allow the utilization of patient demographic and billing information, coupled with the charges generated across the system to submit and follow up on all claims submitted to an unlimited number of payors as assigned to the patient’s visit. A powerful centralized policy set up tool allows departments to maintain coverage, limits and exclusion billing rules for each payer, contract or benefit scheme and apply these to any patient subscription.

The Financial Module is also an integral part of the materials management process within HIMS™. Material or value flows are recorded throughout the system and the correct allocation of all payments is required to credit and debit the cost centers concerned. This directly links the HIMS™ patient billing process to the Inventory and Purchasing Modules and enables the automation of both processes without placing additional data entry responsibilities on hospital personnel.

FEATURES
Integration with Clinical modules	Real time invoicing of charges from patient service departments.
Integration with AR, AP, GL	Allows all transactions completed in the Financial Module to be available to the Accounts Receivables and General Ledger modules. Eliminates batch processing of transactions. Invoices created in the Financial module are instantly available in the General Ledger. Immediate update of General Ledger for payment allocations to outstanding invoices and patient deposit records.
Comprehensive charging mechanisms	Automatic splitting of procedure fees where different parties or cost centres are involved.
Flexible charge master maintenance	Centrally maintained charge master (fee schedule) can be based on patient type and includes properties such as the description, unit of measure (RVU, CAP units, K Units, labs and operations units, etc), pricing and cost histories, expense and revenue general ledger account information, vendor information.
Multiple payment methods support	Multiple payment methods include prepaid deposit cash, credit card, debit card or cheque.
User-configurable receipt and invoice printing	Supports BIR registered receipts and invoices on pre-printed stationery or with the system printed stationery. Configurable invoice details.

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